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Rich As A King: How the Wisdom of Chess Can Make You a Grandmaster of Investing
The strategic thinking skills, clarity, and patience required to win a game of chess can also be applied to the world of finance and investing. Thinking one step ahead and creating a detailed financial plan bring you closer to your ultimate goals of building your wealth.
Like a pawn on the chessboard, navigating through many challenges and obstacles to achieve financial success, an investor must have a master plan and effective strategy. You need to be able to advance across the board while protecting your king (you and your family) from your opponents at the same time.
Like a pawn on the chessboard, navigating through many challenges and obstacles to achieve financial success, an investor must have a master plan and effective strategy. You need to be able to advance across the board while protecting your king (you and your family) from your opponents at the same time.
298 pages, Paperback
First published October 21, 2014
7 people are currently reading
268 people want to read
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Displaying 1 - 7 of 7 reviews
February 7, 2015
I will admit it. I am jealous! I have the Certified Financial Planner (r) credential like co-author Douglas Goldstein and I am a chess lover. It would have been great to have the opportunity to work alongside Susan Polgar to develop a book like this. I am always seeking to find ways to educate clients about financial matters and this one is full of great ideas and examples. A bit repetitive on the financial side but a great job of exploring the basics of financial planning and chess strategy. I enjoyed the many references to classic comments by grandmasters and historical games and well as Susan's insights into tournament play. Frankly, I do not know how well this book will resonate with those who have little interest in chess but for me it is a winner. Interesting website to compliment the book as well.
January 22, 2018
I was quite disappointed of the book. Having some experience as a chess player (participating in competitions, ELO rating ~2000) and currently trying to understand more about personal finance and investing, I really expected much more than common-sense advice and comparisons between real life and chess, made with the only purpose - to fit in the topic of the book. I don't think I have higher than average understanding about personal finance, but couldn't help not throwing the book away at the moment I read something like "pay by cash instead of using a credit/debit card, because it's easier to keep an eye and organize your spending...".
December 5, 2014
Finally: a personal finance book for chess players.
We financial writers are always seeking new ways to explain the concept of “Spend less than you earn.” We’ve all shared thousands of personal stories and tortured just about every analogy. We look for extreme early retirement, and even for extreme getting-out-of-debt. We keep doing it because somewhere among hundreds of personal-finance books, you’ll find one that resonates with you.
For chess players, this is the one.
The book is unusually detailed, with extraordinary organization and specific recommendations. This is more than just finances with a chess theme– the authors start with four chapters of strategy before digging into specific tactics. Each chapter begins with chess quotes and stories (from both authors) and then shows the financial aspects of each situation. The book is written for chess players who are ready to take control of their finances. Just as every chess player had to learn the game before they were ready for their first tournament, this book shows you how to take control of your personal finances with the same skills that you’ve learned for controlling a chess board.
If you’re still wondering whether the book is right for you, take a look at the RichAsAKing site and its podcasts. The authors are not just using a cute theme to sell a book– they’re serious about the similarities between chess and personal finance. If you know how to handle the chess part, they’ll teach you how to apply your talents and newly developed skills to the financial part.
For those of you in the U.S. military (or a military family), here's my full review:
http://the-military-guide.com/2014/12...
We financial writers are always seeking new ways to explain the concept of “Spend less than you earn.” We’ve all shared thousands of personal stories and tortured just about every analogy. We look for extreme early retirement, and even for extreme getting-out-of-debt. We keep doing it because somewhere among hundreds of personal-finance books, you’ll find one that resonates with you.
For chess players, this is the one.
The book is unusually detailed, with extraordinary organization and specific recommendations. This is more than just finances with a chess theme– the authors start with four chapters of strategy before digging into specific tactics. Each chapter begins with chess quotes and stories (from both authors) and then shows the financial aspects of each situation. The book is written for chess players who are ready to take control of their finances. Just as every chess player had to learn the game before they were ready for their first tournament, this book shows you how to take control of your personal finances with the same skills that you’ve learned for controlling a chess board.
If you’re still wondering whether the book is right for you, take a look at the RichAsAKing site and its podcasts. The authors are not just using a cute theme to sell a book– they’re serious about the similarities between chess and personal finance. If you know how to handle the chess part, they’ll teach you how to apply your talents and newly developed skills to the financial part.
For those of you in the U.S. military (or a military family), here's my full review:
http://the-military-guide.com/2014/12...
November 16, 2014
A lot of people invest in stocks. A lot of people play chess. But not many people do either one well. Financial advisor Douglas Goldstein combines forces with Grandmaster chess player Susan Polgar in a cleverly fun book about investing in Rich as a King. Utilizing tactics and strategy developed in Polgar’s years of training for chess tournaments, Goldstein has taken those principles at their core and is showing the public how to use the same skill set to your financial advantage.
So wholly committed to the idea that chess playing techniques and work ethics can apply to every aspect of your life, first and foremost financial, the authors and publisher are donating 10% of their income from book sales to the Susan Polgar Foundation. This foundation’s specific mission is to “promote chess, with all its education, social, and competitive benefits, throughout the United States, for young people of all ages…”
Complete with action points highlighted by a spunky Knight piece holding a notepad, chessboard diagrams from actual games Polgar played, as well as all the stepping stones to developing a sound budget, saving ethic, and stock purchasing plan, Goldstein and Polgar have created a unique but practical way to redefine your financial thinking.
Read my full review here: http://money-fax.com/money-fax-com-bo...
So wholly committed to the idea that chess playing techniques and work ethics can apply to every aspect of your life, first and foremost financial, the authors and publisher are donating 10% of their income from book sales to the Susan Polgar Foundation. This foundation’s specific mission is to “promote chess, with all its education, social, and competitive benefits, throughout the United States, for young people of all ages…”
Complete with action points highlighted by a spunky Knight piece holding a notepad, chessboard diagrams from actual games Polgar played, as well as all the stepping stones to developing a sound budget, saving ethic, and stock purchasing plan, Goldstein and Polgar have created a unique but practical way to redefine your financial thinking.
Read my full review here: http://money-fax.com/money-fax-com-bo...
July 24, 2015
A good book for anybody ready to get his/her finance back on track. It relates how applying simple chess strategy can positively impact ones financial condition. The financial lingoes are easy to understand and simple chess ideas are brought to fore in reinforcing certain fundamental financial principles which are critical to avoiding financial catastrophe.
May 6, 2015
I really enjoyed this book as the authors went back and forth showing how different chess strategies can be applied to the world of investing. I highly recommend anyone who is interested in adopting a strategy based framework to their finances to read this book!
May 20, 2015
A very interesting read that I think many will enjoy, and more so if you play chess. But even if you don't you will love the book.
Displaying 1 - 7 of 7 reviews